Mid First Bank Best Banking Guide for Potential Customers

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Mid First Bank Best Banking Guide for Potential Customers.

Mid First Bank: This bank was founded in order to ease your savings. You have a choice to make after reading this article. If you have them at heart, then you should, first of all, read this in order to know more about them as well as how you can operate a business or personal account with them.

MidFirst Bank is a privately owned bank in the United States based in Oklahoma City, Oklahoma. Its primary markets include Oklahoma City, Tulsa, Western Oklahoma, Denver, Phoenix, and Dallas, with commercial lending offices in Atlanta, Boston, Chicago, Cleveland, Houston, New York City, St. Louis, and Southern California. MidFirst

Bank also has full-service banking centers in Boulder and Edwards, Colorado. MidFirst Bank offers personal, commercial, trust, private banking, and mortgage banking products and services.

Additionally, the bank operates 1st Century Bank of Los Angeles as a division of MidFirst Bank and MidFirst Business Credit of Atlanta as a subsidiary of MidFirst Bank.

Mid First Bank History

The Midland Group began in 1954 when W.R. Johnston, an experienced Oklahoma banker, purchased a 50 percent share in Midland Mortgage Company, an Oklahoma City-based company that had been formed four years earlier by a handful of individual investors.

By 1963, Johnston and his son-in-law, George Records, had purchased the remaining 50 percent. Today, the Records family owns 100 percent of the Midland Group.

In 1982, Midland Financial Co. purchased a newly formed charter bank in Stilwell, OK, named it MidFirst Bank, and moved it to Oklahoma City. At the end of its first year, the bank had $1.7 million in assets and five employees.
In 2009, MidFirst Bank acquired Community Bank of Arizona and Union Bank.

In 2015, MidFirst Bank acquired Denver-based Steele Street Bank & Trust, a locally owned and operated community bank. In July 2016, MidFirst Bank acquired 1st Century Bancshares in Los Angeles. After the merger, MidFirst Bank’s combined assets totaled more than $12 billion.

Today, MidFirst Bank is the largest privately-owned bank in the United States, serving more than 625,000 customers. The bank offers a full range of commercial, trust, private banking, and mortgage banking products, and it serves as a commercial real estate lender and a major servicer of mortgage loans nationally.

Primary markets include Oklahoma City, Denver, Phoenix, Tulsa, Dallas, and Western Oklahoma. MidFirst Bank also operates full-service banking centers in Boulder and Edwards, CO, and commercial lending offices in Atlanta, Boston, Chicago, Cleveland, Houston, New York City, St. Louis, and Southern California.

MidFirst chairman and CEO G. Jeffrey Records, Jr. is a part-owner of the Oklahoma City Thunder of the NBA through its ownership group, The Professional Basketball Club LLC.

Mid First Bank  Community Commitment

MidFirst serves others through philanthropy, the voluntarism of its employees through the True Corps program, and many corporate partnerships and sponsorships. The bank also offers financial education programs and workshops to help the community.

MidFirst Bank’s financial education programs have received national recognition with an Honorable Mention in both the 2016 and 2018 American Bankers Association Community Commitment Awards. Additionally, MidFirst has collaborated with the University of Oklahoma in providing the MoneyCoach financial education program.

MidFirst was awarded the 2019 Excellence In Financial Literacy Education (EIFLE) Award for Organization of the Year (For-Profit) from the Institute for Financial Literacy.

MidFirst Bank has been voted Best Bank by The Oklahoman for six years in a row, and Best Online and Mobile Banking two years in a row.

Business Checking with Mid First Bank

Specialized checking accounts mean more extras where you need them the most. Low opening deposit? They’ve got it. Checking that pays you interest? They have that too.

1st Business Checking with Mid First Bank

• Ideal for small businesses and organizations with minimal activity
• Detailed statements mailed at month-end
• Free check images included with the statement
• 200 overall transaction per month (includes deposits, checks, and debits)
• Excessive transactions: $1.00 each
• $5.00 monthly maintenance fee
• Monthly fee waived with eStatement
• No minimum balance requirements
• Online banking – No Charge
• Bill Pay
• Business MASTERCARD Debit Card

1st Analysis Checking

• Designed for commercial businesses requiring specialized services; multiple accounts can be combined to offset activity fees
• Earnings credit based on ledger balance (minus 10% reserve requirement) which helps offset activity fees
• Detailed statement mailed at month-end
• Free check images included with the statement
• If transaction costs exceed earnings credit:
  • Monthly maintenance fee of $12.00
  • .14 per debit
  • .50 per deposit/.35 per Mobile Deposit
  • .20 per deposited item
  • Online Banking – No Charge
  • Bill Pay
  • See Schedule of Fees and Service Charges for additional services available

1st Business Interest Checking

• Available to sole proprietors, non-profit organizations and government agencies
• Earns interest on Daily Ledger Balances – paid monthly
• Unlimited check writing
• Monthly maintenance fee of $12.00 (if minimum balance of $1,500.00 not met)
• Detailed statement mailed at month-end
• Free check images included with the statement
• Online Banking – No Charge
• Bill Pay

1st Business Money Market Account

• Tiered interest rates based on balance ranges beginning at a collected balance of $2,500.00. Tiered Structure – $2,500; $10,000; $25,000; $50,000; $100,000+
• Federal Regulations require a limit of 6 preauthorized withdrawals per month
• Interest paid monthly on daily ledger balance
• Monthly maintenance fee of $10.00 (if minimum daily balance of $1,500.00 not met)
• Excessive transactions: $10.00 each after 6
• Detailed statement mailed at month-end
• Free check images included with the statement
• See Terms and Conditions Brochure for Additional Limitations

Mid First Bank Business Checking Comparisons

Account Name	Earns Interest	Min to Open	Min to Earn Interest	Online Banking	Statements
1st Business Checking	No	$100.00*	N/A	Yes	Yes
1st Analysis Checking	No	$500.00*	N/A	Yes	Yes
1st Business Interest Checking	Yes	$1,000.00*	$1,500.00	Yes	Yes
1st Business Money Market Account	Yes	$1,000.00*	$2,500.00	Yes	Yes

Business Savings with Mid First Bank

To meet their business customer’s savings needs, they offer a wide range of banking services, including a variety of deposit accounts. Whether you are a small business or a large commercial business, they have the Business Savings accounts that put you 1st.

1st Select Business Savings

• Interest earned on daily ledger balances and compounded quarterly
• Quarterly statement (monthly if Electronic Funds Transfer activity occurs)
• Monthly maintenance fee $3.00 (if minimum daily balance of $300.00 not met)
• Federal Regulations require a limit of 6 pre-authorized withdrawals per month
• Excessive withdrawals fee (more than 6 per month) $3.00 each

1st Elite Business Savings

• No maintenance fee
• Interest earned on daily ledger balances of $50,000.00 or more and compounded quarterly
• Tiered interest rates based on balance ranges beginning at $50,000.00
• Tiered structure. $50,000; $100,000; $250,000; $500,000+
• Quarterly statements (monthly if electronic transaction occur)
• Federal Regulations require a limit of 6 pre-authorized withdrawals per month
• See Terms and Conditions Brochure for Additional Limitations
• Excessive withdrawal fee (more than 6 per month) $10.00 each

First Bank Yuma Business Savings Account Comparisons

Account Name	Earns Interest	Min to Open	Min to Earn Interest	Online Banking	Statements
1st Select Business Savings	Yes	$100.00*	$100.00	Yes	Yes
1st Elite Business Savings	Yes	$50,000.00*	$50,000.00	Yes	Yes

Business Loans with Mid First Bank

Mid First Bank is committed to helping the business community become even more successful. To that end, they offer a wide variety of loans to our commercial and small business customers consistent with their desire to develop a long term “business relationship” with local ownership, management, and decision-making capabilities. 1st Bank Yuma can structure business credit to meet YOUR needs.

• Operating Lines of Credit
• Equipment Loans/Leases
• Commercial Real Estate
• Commercial Construction
• Land Development
• Farm Loans
• Small Business Loans
• SBA 504
• Minimum loan amounts of $50,000
• Personalized attention

Personal Checking Accounts with Mid First Bank

Specialized checking accounts mean more extras where you need them the most. Low opening deposit? They’ve got it. Checking that pays you interest? They have that too.

1st Rate – Rewards Checking

The purpose of the account is to offer our customers the “rewards” of a higher rate on a checking account that is used like any other checking account, with certain expectations and requirements. Those requirements are:

• Direct Deposit
• Signing on to Online Banking at least once a month
• Receiving eStatements
• Having 15 or more POS transactions posted (and settled) to your account per statement cycle
• Must be a Yuma County Resident to open this account.

If the account does not meet requirements during the monthly cycle a .05% APY will be earned on the entire balance. 1.50% APY* PAID ON BALANCES up to $25,000

Examples of expectations include deposits and withdrawals throughout the statement cycle, such as direct deposit of paychecks or Social Security checks, etc., along with POS debit transactions throughout the month of varying amounts at various retailers.

This does not include transactions such as multiple small-dollar POS transactions at the end of the statement cycle to earn the higher APY, which would not be consistent with the design of the account.

If this should happen, you will receive a courtesy letter from the bank, reminding you of the intended purpose of the account and that it may be subject to closure at the bank’s discretion.

1st Exclusive Checking

• $100.00 minimum opening balance
• Unlimited check writing
• MASTERCARD Debit Card
• Check images included with monthly statements *no charge
• $7.00 monthly maintenance fee
• Monthly fee waived with eStatements
• No minimum balance requirements

1st Senior Checking

• $100 Minimum opening balance
• Offered to persons 55 and over
• $5.00 Monthly Maintenance Fee
• Monthly fee waived with eStatements
• No Minimum Balance requirements
• Unlimited check writing
• Logo Checks – No charge for one box per year
• MASTERCARD Debit Card
• Check Images included with Monthly Statements – No Charge

1st Executive Checking

• $1,000 Minimum opening balance
• Minimum to Earn Interest $1,500
• Earns Interest on Daily Ledger Balances – Paid Monthly
• Unlimited check writing
• Maintenance Fee $10 (if minimum daily balance of $1,500 not met)
• MASTERCARD Debit Card
• Check Images included with Monthly Statement – No Charge
• Free Cashier’s Checks and 25% Discount on annual rental fee for Safe Deposit Box

1st Elite Checking

• $5,000 Minimum opening deposit
• Minimum to Earn Interest $5,000
• Primary Account Needed for Relationship with 1st Elite Savings
• Maintenance Fee $15 (if minimum daily balance of $5,000 not met or combined balance of $25,000 – excluding CDs)
• Earns Interest on Daily Ledger Balances or $5,000 or more – Paid monthly
• MASTERCARD Debit Card
• Unlimited Check Writing
• Check Images Included in Monthly Statement – No Charge
• Free Cashier’s Checks
• Free 1st Bank Yuma Logo Checks (one box per order).

1st Premium Money Market Account

• Tiered interest rates based on balance ranges beginning at ledger balances of $1,500. (Daily Ledger Balance) Tiered Structure: $1,500; $10,000; $25,000; $50,000:+ and $100,000+
• Federal Regulations require a limit of 6 preauthorized withdrawals per month
• Monthly Maintenance Fee of $10 if a minimum daily balance of $1,500 not met
• Excessive Transactions $10.00 each after 6

Mid First Bank Business Checking  Account Comparisons

Document	Earns Interest	Min to Open	Min to Earn Interest	Online Banking	statements
1st Rate Rewards Checking	Yes	$100.00*	$0.01	Yes	Yes
1st Exclusive Checking		$100.00*		Yes	Yes
1st Senior Checking		$100.00*		Yes	Yes
1st Executive Checking	Yes	$1,000.00*	$1,500.00	Yes	Yes
1st Elite Checking	Yes	$5,000.00	$5,000.00	Yes	Yes
1st Premium Money Market Account	Yes	$1,000.00*	$1,500.00	Yes	Yes

Personal Savings Accounts with Mid First Bank

Build your savings with a return you can count on. Get started with a Savings Account that offers plenty of additional features. Easily transfer funds, make scheduled automatic deposits and watch your money grow.

1st Select Savings

• Interest earned on daily ledger balances and compounded quarterly
• Quarterly statement (monthly if Electronic Funds Transaction activity occurs)
• Maintenance Fee $3.00 (if minimum daily balance of $300.00 not met)
• Federal Regulations require a limit of 6 pre-authorized withdrawals per month
• Excessive withdrawals fee (more than 6 per month) $3.00 each

1st Rewards Savings

• Designed to help customers save for special occasions
• Interest earned on daily ledger balance and paid quarterly
• $100.00 minimum to keep the account open
• No Maintenance Fee
• Additional deposits may be made at any time, in any amount
• Balance minus $100.00 (minimum to keep the account open) is transferred annually to a designated 1st Bank Yuma account – on the day that you choose.
• 1 Free withdrawal per year
• An excessive withdrawal fee of $10.00 per transaction

1st Elite Savings

• *Relationship Account Only – 1st Elite Checking Account required
• Interest earned on daily ledger balance of $50,000.00 or more and compounded quarterly
• No Maintenance Fee
• Tiered interest rates based on balance ranges beginning at $50,000.00
• Tiered structure: $50,000; $100,000; $250,000; $500,000+
• Quarterly statement (monthly if electronic transactions occur)
• Federal Regulations require a limit of 6 Pre-Authorized withdrawals per month
• Excessive withdrawal fee (more than 6 per month) $10.00 each

Mid First Bank Personal Savings Account Comparisons

Account Name	Earns Interest	Min to Open	Min to Earn Interest	Online Banking	statements
1st Select Savings	Yes	$100.00*	$100.00	Yes
1st Rewards Savings	Yes	$100.00*	$100.00	Yes	Yes
1st Elite Savings	Yes	$50,000.00	$50,000.00	Yes	Yes

Mobile Banking with Mid First Bank

They’ve been hard at work building the next generation for Mobile Banking. It’s got an improved look and feel, as well as support for biometrics – including FaceID.

Added Functionality

• Touch ID and Face ID
• New elegant design
• Alert management
• Manage statement preferences
• Ability to conduct Internal-to-Internal (i2i) transfers
• View spending & set budgets through MoneyDesktop
• Submit Travel Notifications
• Request a printed copy of a Statement
• Ability to place Check Stop payments
• Update Profile including change username, password, email, account description, etc.

Features with a refreshed look

• Deposit checks using your phone
• View statements
• Account balances and information
• Time-filtered account history
• Real-time transfers for internal and external accounts
• Person-to-Person (P2P) transfers
• Loan payment

MidFirst Bank offers a full range of personal, commercial, trust, private banking, and mortgage banking products and services. MidFirst is a commercial real estate lender and a major servicer of mortgage loans nationally.

Mid First Bank Customer Service

Looking for MidFirst Bank customer service number? Call MidFirst Bank customer service number to get instant help of any issue related to online banking, credit cards, debit cards, loans, insurance, mutual funds & more. Their 24/7 customer service professionals are always free to help you anytime, anywhere.

Address: 501 NW Grand Boulevard Oklahoma City, OK 73118 USA

The most obvious change is a huge improvement to the look and feel of their bank. From the subtle patterns to the look of the staff, they’ve taken great care to make sure you got the best banking experience. If this was helpful, kindly share via social media handles for others to benefit.

CSN Team.

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